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07.11.12

Parliament: Diamond Misled Us

Peter Macdiarmid / Getty Images

Bob Diamond may have resigned and agreed to testify in front of British Parliament when an interest-rate-fixing scandal within Barclays Bank, of which he was CEO, came to light. But now British lawmakers think Diamond misled Parliament during its inquiry into the Barclays scandal. During another hearing Tuesday, members of Parliament pointed to differences between the claims made by Diamond last week and a letter released by the bank’s financial watchdog. “He has calculatedly and deliberately misled this parliamentary committee ... Mr. Diamond has been misleading this committee, hasn’t he?” asked John Mann, of the Labour Party. Diamond rejected these accusations, calling them “unfair and unfounded.”